Paul Weiss and A&O Shearman are steering Keurig Dr Pepper Inc.'s plans to buy Dutch coffee company JDE Peet’s NV for €15.7 billion ($18.4 billion) to support its coffee business.
The coffee transaction is the latest in a string of megadeals, topped by Union Pacific’s $72 Billion Norfolk Southern buy, that have bolstered the M&A markets despite uncertainty caused by tariffs.
Paul Weiss, Rifkind, Wharton & Garrison and Amsterdam’s Stibbe N.V. are serving as legal advisors to KDP. The Paul Weiss team includes James E. Langston, global co-head of the firm’s mergers & acquisitions group, and M&A partner Chelsea N. Darnell. Stibbe’s team included partners Heleen Kersten and Marc Habermehl.
A Paul Weiss team guided KDP in its offering of $2 billion of senior unsecured notes in May. The firm ranked fifth for the largest volume of M&A transactions guided in the first half of 2025, with $141.9 billion in deals, according to Bloomberg Law’s league tables.
The A&O Shearman team advising JDE Peet’s is led by Amsterdam corporate partners Tim Stevens and Olivier Valk. A&O Shearman ranked 12 in the league tables, working on $87.4 billion in deals over the first six months of the year.
The deal is expected to close in the first half of 2026. Keurig Dr Pepper plans to separate its coffee and soft drinks units into two independent, US-listed companies once the deal is completed.
(Adds Stibbe partners in third paragraph.)
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